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but the lack of any fiscal cliff talks worried wall street. the dow jones industrial average lost more than 51 points to close at 13,139. the nasdaq fell eight points to close at 3012. those are some of the day's major stories. now, back to gwen. >> ifill: in egypt, although one side seems to have clearly won, citizens are still awaiting official results of the country's constitutional referendum. as the sun rose over cairo today, opposition activists vowed to hold their ground against the newly approved constitution. >> what we all need as constitution is express the demands of all egyptians. we are here to say that we need constitution for all of us. >> ifill: sunday leaders of the national salvation front warned the document would give too much way to islamic law and curb the rights of women and the christian minority. >> we are committed to continuing our collective peaceful struggle in order to bring down this constitution through legitimate means as soon as possible. because it's a constitution that is not worthy of egyptians. >> ifill:
but the lack of any fiscal cliff talks worried wall street. the dow jones industrial average lost more than 51 points to close at 13,139. the nasdaq fell eight points to close at 3012. those are some of the day's major stories. now, back to gwen. >> ifill: in egypt, although one side seems to have clearly won, citizens are still awaiting official results of the country's constitutional referendum. as the sun rose over cairo today, opposition activists vowed to hold their ground against...
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Dec 25, 2012
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with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in kabul, sang some carols, then enjoyed a holiday dinner. >>> and coming up on the "morning news," he may be messy funny, jack klugman from "the odd couple "has died. a look back at his remarkable career. [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. >>> firefighters in california battled a raging river yesterday to rescue a homeless man. he was living on an island in the los angeles river and got into trouble after a fast-moving storm tore through the area. rescuers used an inflatable boat to reach the island and tossed ropes to the man which he tied around a tree. the man was taken to the
with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in kabul, sang some carols, then enjoyed a holiday dinner. >>> and coming up on the "morning news," he may be...
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. >>> what might happen next year if congress doesn't avoid the fiscal cliff. a person earning 50-$75,000 a year would see a hike of $2,400. >>> gas prices in the bay area and around california are still dropping. that is according to aaa. the trend will continue into the new year. the average price of a gallon is $3.60-in san francisco. san jose $3.49. oakland $3.48. california is reflecting a national trend as demand is low and supplies are high. >>> back to the developing news we showed you earlier. an apparent head on collision had forced police to shut down highway 84. that has now been reopened but as a result of that closure you can see the traffic backup. this is highway 84 in the livermore area. westbound lanes, severe back up. no word about the injuries, what the conditions are of the people involved in the accident but we are continuing to work the phones and get more details. you can see from our picture here, the incredible traffic back up. if you are planning to be around that area, you might try to take another route. >>> move on to weather now.
. >>> what might happen next year if congress doesn't avoid the fiscal cliff. a person earning 50-$75,000 a year would see a hike of $2,400. >>> gas prices in the bay area and around california are still dropping. that is according to aaa. the trend will continue into the new year. the average price of a gallon is $3.60-in san francisco. san jose $3.49. oakland $3.48. california is reflecting a national trend as demand is low and supplies are high. >>> back to the...
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Dec 25, 2012
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>> well, essentially what we have to understand is that let congress deal with this fiscal cliff stuff. we have to worry about our fiscal houses. we can't control. we can vote. we can lobby but we can't control what they do in the long run. what we can control is our own fiscal house. you can't control what the deal does but you can control your gym membership that you've been paying for but you haven't gone to the gym. you can control the fact that you have coupon clippings that go unused in your sunday paper that you can still save hundreds of dollars on your cable bill or grocery bill every single month. so these are the things that we can start to do. have you negotiated you're interest rates on your credit cards? go to annual report.com to imyou're credit rating. these are things we can start to do right now that are in our control and we have to worry about our fiscal houses and less about the fiscal cliff. >> and those are simple things to do but they take time. but it's good advice. >>> okay, we hear a lot about the amt and how congress may put a patch on that. can you explain
>> well, essentially what we have to understand is that let congress deal with this fiscal cliff stuff. we have to worry about our fiscal houses. we can't control. we can vote. we can lobby but we can't control what they do in the long run. what we can control is our own fiscal house. you can't control what the deal does but you can control your gym membership that you've been paying for but you haven't gone to the gym. you can control the fact that you have coupon clippings that go...
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Dec 25, 2012
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so, perhaps, we will see some movement on the fiscal cliff issue. and when and if that happens, we will be here to report it for you. that's going to do it for this christmas edition of "special report." we really approach you watching. we hope you have a wonderful end to your holiday. we will see you right back here tomorrow. we with a special message from the anchor of this show and his family. >> bret: thanks, doug. merry christmas. it's been a tradition for me to bring my family on and from my family to yours merry christmas and happy new years. here we are again. this is my wife amy. my son paul. and my other son daniel. so here we are. >> we wish you a merry christmas and ha happy, healthy new year. >> paul, if i asked you what the people do in the dome behind me, what would you say? >> nothing. >> nothing? >> that's pretty
so, perhaps, we will see some movement on the fiscal cliff issue. and when and if that happens, we will be here to report it for you. that's going to do it for this christmas edition of "special report." we really approach you watching. we hope you have a wonderful end to your holiday. we will see you right back here tomorrow. we with a special message from the anchor of this show and his family. >> bret: thanks, doug. merry christmas. it's been a tradition for me to bring my...
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kelly: the countdown to the fiscal cliff not slowing down at all, even though congress is on break and the president is in hawaii on vacation with his family. we are now just a week away from the automatic tax hikes and spending cuts kicking in. they could be drastic. chief white house correspondent ed henry is live in honolulu to shed some light on what possibly can be done to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas, kelly. economists have warned that this could lead to another recession if in fact these massive spending cuts and tax hikes kick in at the same time right at the beginning of the new year. what they're trying to do to avert that is scaled back plan that the president suggested late last week that would basically deal with some of the emergency pests of this. extended unemployment benefits for two million people about to be kicked off their benefits a week after christmas the president also wants to extend tax cuts for the middle class. you heard house speaker john boehner say the problem there that will
kelly: the countdown to the fiscal cliff not slowing down at all, even though congress is on break and the president is in hawaii on vacation with his family. we are now just a week away from the automatic tax hikes and spending cuts kicking in. they could be drastic. chief white house correspondent ed henry is live in honolulu to shed some light on what possibly can be done to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas,...
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host: what comes to fiscal cliff issues, several agencies within washington, d.c. are planning should the deadline, and go without resolution -- fairfax, va., democrats line -- caller: dennis kucinich is the one true democrat that we had in the congress. he made more sense than was a true man of the people, in favor of ending the war is, stopping the ridiculous spending, and he will be greatly missed. i will not miss out on the west. host: from the world section of "the washington post" -- bronx, new york, republican line. caller: how are you? i will miss alan west the most because he is the only comedian. i like comedians. i am from the virgin islands anyway. nobody in the virgin islands like him. i like him because he was a comedian. i hope he does not exist anymore, thank you. host: this is from twitter -- jeff is on the phone from bedford, va., independent line. caller: probably jim webb who did not fall into party politics and he has a good chance if he runs for governor of virginia. i think he would do a fine job as secretary of defense. host: that is the fou
host: what comes to fiscal cliff issues, several agencies within washington, d.c. are planning should the deadline, and go without resolution -- fairfax, va., democrats line -- caller: dennis kucinich is the one true democrat that we had in the congress. he made more sense than was a true man of the people, in favor of ending the war is, stopping the ridiculous spending, and he will be greatly missed. i will not miss out on the west. host: from the world section of "the washington...